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Warren Buffett's three biggest Q3 bets revealed
BACBank of America(BAC) Finbold·2024-11-19 15:09

Portfolio Overview - Warren Buffett's portfolio saw relatively few changes in Q3, with 30 holdings remaining unchanged despite a significant cash reserve [1] - The most notable changes included the removal of Liberty Media, Floor & Decor Holdings, and Sirius XM Holdings, along with a 96% reduction in Ulta Beauty stake [1] New Additions - Two new stocks were added to the portfolio: Domino's Pizza and Pool Corp, with Sirius XM Holdings making a return [1] Pool Corp (NASDAQ: POOL) - Buffett purchased 404,057 shares of Pool Corp, valued at 152milliononSeptember30,2024,andapproximately152 million on September 30, 2024, and approximately 146 million as of November 19 [2] - The stock has seen a year-to-date decline of 7.04%, but a purchase during a dip in July could have yielded a 27% increase by the end of Q3 [2] Domino's Pizza (NYSE: DPZ) - Buffett owned 1.277 million shares of Domino's Pizza at the end of Q3, valued at 549million,whichincreasedtoapproximately549 million, which increased to approximately 567.7 million by November 19 [3] - The stock experienced a significant drop in Q3, falling from about 490toover490 to over 404, but has since shown an upward trend [3] Sirius XM Holdings (NASDAQ: SIRI) - Sirius XM Holdings was reported as a new holding with 105 million shares, although Buffett has had a long-standing stake in the company [10] - The stock is down 54.36% year-to-date, but the investment appears potentially lucrative compared to other recent purchases [11] - The value of the Sirius XM holding increased from 2.48billiononSeptember30toabout2.48 billion on September 30 to about 2.63 billion by November 19 [12]